11/16 Trade Plan
SPY SPX
SPY
Well… We hit the market makers implied high of the week on Tuesday gapping above September’s POC leaving it untested in the RTH session. Our current November VAH sits at 449.42, POC 435.18, and VAL at 433.05. We have some serious gaps to fill to the downside that I think need to be addressed, well at least one of them, but hey, this is what the market is giving us.
I do think that it is important for the bulls to hold that 446 level (September POC), or we could possibly fill the gap that was created from the CPI read.
